Cochin Shipyard becomes the first shipyard to make LNG ships

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India has joined select club nations to build Liquefied natural gas (LNG) ships as state owned Cochin Shipyard has been granted licence by French company Gaztransport and Technigaz (GTT) to use the membrane technology for construction of LNG (Liquefied Natural Gas) carriers for any client world-wide, making it the first shipyard in India to get the nod, joining the league of South Korea, Japan and China.

The Cochin Shipyard Limited (CSL) signed a licence agreement with GTT in the presence of Union Minister for Shipping Nitin Gadkari in New Delhi. The agreement has made CSL the first Indian Company to be licensed to build LNG vessels. Construction of LNG vessels is likely to start next year.

Key facts about LNG ships :

• The French company Gaztransport and Technigaz (GTT) holds patented technology for building LNG ships. No Indian shipyard has made LNG carrier yet, which costs over USD 200 million (around Rs 1,326 crore).
• LNG carriers and tanks designed with GTT containment systems are used for carrying and storing liquefied gases like LPG and ethylene. GTT licenses its technology to shipyards and contractors.
• LNG vessels are very complex ships, and only a few shipyards world over have the capability to build these ships.The most critical aspect of an LNG ship is its cryogenic containment and handling system as the LNG is carried at a temperature of -163 degrees